JPMorgan Chase said on Friday it is considering whether to sue a U.S. government consumer watchdog over inquiries into the Zelle payment app.
The bank said in a filing it is responding to queries from the Consumer Financial Protection Bureau (CFPB) over Zelle.
The CFPB has informed JPMorgan that the bank can pursue a settlement or face an enforcement action.
"The firm is evaluating next steps, including litigation," JPMorgan said.
Zelle is owned by seven major banks, including JPMorgan and Bank of America (BAC.N).
